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Automotive Testing, Inspection and Certification Market Grows at 4.2% CAGR, Reaching USD 25 Billion by 2031 - Leading Players are
Automotive Testing Inspection and Certification Market
Automotive Testing, Inspection Certification market reached around USD 18 billion in 2023 and is projected to witness lucrative growth by reaching up to USD 25 billion by 2031. The market is growing at a CAGR of 4.2% during the forecast period (2024-2031).
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Rising Traffic Accidents Driving the Automotive TIC Market
The rising incidence of road accidents globally is a key driver for the growth of the automotive Testing, Inspection, and Certification (TIC) market. Ensuring vehicle safety has become a top priority, as substandard vehicle quality has been linked to a significant number of traffic-related fatalities and injuries. Governments and regulatory bodies worldwide are enforcing stringent vehicle safety measures to mitigate these risks. Poor vehicle maintenance, manufacturing defects, and lack of adherence to safety standards have all contributed to accidents, prompting authorities to introduce rigorous testing and inspection protocols.
According to the World Health Organization (WHO), approximately 1.3 million people lose their lives annually due to road traffic accidents, while an additional 20 to 50 million individuals suffer non-fatal injuries, many of which result in long-term disabilities. These alarming statistics have intensified the focus on implementing and enforcing strict safety measures in the automotive sector.
In response, various governments have introduced new regulations to improve vehicle safety. For example, India mandated dual airbags in all cars from April 1, 2021, and from October 1, 2022, a minimum of six airbags became compulsory. Similar safety laws are being adopted worldwide to enhance vehicle manufacturing standards and reduce accident-related fatalities. The growing demand for advanced automotive safety features and regulatory compliance is expected to further drive the expansion of the TIC market in the coming years.
Rising Vehicle Production and Growing Awareness of Testing
The global automotive TIC market is also being fueled by increasing vehicle production and heightened awareness of vehicle testing. According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle sales rose from 78.78 million in 2020 to 81.62 million in 2022. Additionally, the demand for advanced safety and comfort features has driven original equipment manufacturers (OEMs) and automotive suppliers to invest in research and development for testing electronic components and ensuring compliance with safety regulations. As automakers prioritize safety, the demand for automotive TIC services is expected to grow significantly in the coming years.
List of the Key Players in the Automotive Testing Inspection Certification Market:
SGS SA, Automotive Test Systems, The Automotive Research Association of India (ARAI), URS Products and Testing Pvt. Limited, ICAT, TÜV Rheinland, Embitel, Sigma Test & Research Centre, AVL List GmbH, DEKRA.
Assessing the Effects of U.S. Tariffs on the Automotive Testing Inspection Certification Market
The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.
Research Process:
Both primary and secondary data sources have been used in the global Automotive Testing Inspection Certification Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Automotive Testing Inspection Certification Market:
By Type: Autonomous and Connected Vehicles, Automotive Fluids, Electrical Components and Electronics, Electro Mobility / Electric Vehicles, Materials and Components (Composites, Plastics, and Metals), Engine and Gears, Environmental Testing, System Testing, Crash Test, Others.
By Product: Engine Dynamo Meter, Wheel Alignment Tester, Chassis Dynamo Meter, Vehicle Emission Tester, Transmission Dynamometer, Fuel Injection Pump Tester, Advanced Battery Analyzer, Durability Tester, Endurance Tester, Flammability Tester, Gas Analyzer, Impact or Crush Testers, Torsional Fatigue Tester, Vibration Tester, Others.
By Vertical: Passenger Vehicle, Commercial Vehicle.
Regional Analysis for Automotive Testing Inspection Certification Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
People Also Ask:
Most Frequently Asked Questions in the Automotive Testing Inspection Certification Market Research Industry:
➠ What are the global figures for sales, production, consumption, imports, and exports in the Automotive Testing Inspection Certification market?
➠ Who are the top manufacturers in the global Automotive Testing Inspection Certification industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?
➠ What key opportunities are available for vendors in the Automotive Testing Inspection Certification market, and what challenges are they likely to encounter?
➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?
➠ What are the major drivers and barriers influencing the growth trajectory of the Automotive Testing Inspection Certification market?
➠ What are the primary sales, marketing, and distribution strategies used across the global Automotive Testing Inspection Certification industry landscape?
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